Term Loan II. Subject to Section 2.3(b), the outstanding principal amount of the Term Loan II shall accrue interest at a fixed rate equal to 6.25%, which interest is payable monthly.
Term Loan II. Subject to the terms and conditions of this Agreement, upon the execution of the Business Financing Modification Agreement dated May 8, 2013, or as soon thereafter as is practical, Lender hereby agrees to make a one-time loan to Borrower in the principal amount of $2,500,000 (the “Term Loan II Advance”). Proceeds of Term Loan II Advance shall be used to repay all amounts outstanding under the Term Loan.
Term Loan II. Xxxxxxx has loaned to Borrower and Borrower has borrowed from Lender the sum of $5,000,000.00 as a second Term Loan (the "TERM LOAN II"), which Term Loan II is payable in quarterly payments of principal, each in the amount of $250,000 payable on the first day of each March, June, September and December commencing March 1, 2004, each to be accompanied by a payment of interest at the rate set forth in 1eiii hereof until the Term Loan II Maturity Date, when the entire unpaid balance of Term Loan II, together with all accrued and unpaid interest, shall be due and payable, all as more particularly set forth in the Term Loan II Note delivered to Lender in form and substance as set forth in EXHIBIT D attached hereto, (together with any note which from time to time extends, amends, supplements, modifies, renews or substitutes for such note, the "TERM LOAN II NOTE").
Term Loan II. Silicon is making concurrently herewith a term loan in the initial principal amount of $17,500,000 (“Term Loan II”), the proceeds of which are to be used to refinance any existing Cisco capital lease obligations and any other outstanding capital lease obligations. Term Loan II shall be repaid in forty-eight equal monthly installments of principal commencing October 1, 2004 and continuing on the first day of each of the succeeding forty-seven months. Interest shall be paid monthly on the outstanding principal balance of Term Loan II at the rate set forth in Section 1.2 below. As used in this Agreement, “Loans” includes the Revolving Loans, Term Loan I and Term Loan II. Letter of Credit Sublimit (Section 1.6): $5,000,000. ACH Services and
Term Loan II. Subject to the terms and conditions of this Agreement, Bank hereby agrees to make a loan to Borrower in the principal amount of One Million Eight Hundred Two Thousand Seven Hundred Ninety-one and 37/100 Dollars ($1,802,791.37) ("Term Loan II"), the proceeds of which shall be used to finance equipment. Borrower's obligation to repay Term Loan II shall be evidenced by a promissory note substantially in the form of Exhibit C attached hereto ("Term Note II"), all terms of which are incorporated herein by this reference. Bank's commitment to grant Term Loan II shall terminate on February 26, 1999. Term Note II replaces and supersedes the Term Commitment Note dated June 1, 1998 in the principal amount of $2,000,000.00 payable by Borrower to the order of Bank.
Term Loan II. The Lender has previously made the Term Loan II to the Borrower, of which the principal amount of $45,916.79 is currently outstanding.
Term Loan II. Provided that all of the conditions of lending stated in Sections 6.01(a) and (b) of this Agreement have been fulfilled on the Closing Date, and subject to and in accordance with the terms of this Agreement, and in reliance upon the representations, warranties, covenants, and agreements of the Company made in this Agreement and the other Loan Documents, the Bank will make a term loan ("Term Loan II") to the Company on the Closing Date on the following terms and subject to the following conditions:
Term Loan II. Subject to the terms and conditions of this Agreement, Bank hereby agrees to make a loan to Borrower in the principal amount of Two Hundred Five Thousand Dollars ($205,000.00) ("Term Loan II"), the proceeds of which shall be used to purchase equipment. Borrower's obligation to repay Term Loan II shall be evidenced by a promissory note substantially in the form of Exhibit C attached hereto ("Term Note II"), all terms of which are incorporated herein by this reference. Bank's commitment to
Term Loan II. (a) Bank will make a Term Loan II available to Borrower, on the Effective Date, to pay off the remaining portion of the Commitment, Commitment Percentage and Final Payments made available by GATX Ventures, Inc. under the Equipment Loan and Security Agreement by and among GATX Ventures, Inc., Silicon Valley Bank and Neah Power Systems, Inc. dated as of October 24, 2002 (the "Original Agreement") collectively defined as Term Loan II. The Term Loan II shall be subject to the repayment terms and conditions as set forth below. No further Term Loan II Credit Extensions shall be allowed. The following defined terms "
Term Loan II. All amounts outstanding from time to time under Term Loan II shall bear interest
